We've witnessed friends and relatives create tremendous personal wealth just from buying an apartment in New York City and living in it.
We also noticed that the biggest New York City real estate families--with names like Durst, Tishman, Fisher, Malkin, Resnick, LeFrak, Rose, and Zeckendorf--have accumulated massive wealth by passing their Manhattan real estate portfolios down from one generation to the next--and only very rarely selling.
In Manhattan, the average apartment costs more than $1 million, so all but the world’s wealthiest people are locked out from this investment opportunity. It’s also extremely difficult and expensive for out-of-town buyers to handle the complexity of managing properties here.Compound eliminates both the high-dollar threshold and the need for hands-on management. We handle everything.
We’re a venture capital-backed asset management firm that
creates residential real estate funds called Cityfunds.
As stewards of capital, our goal is to generate outstanding results for our investors while applying the highest standards of integrity and discipline. We’re reimagining the $2.7 trillion real estate investment management industry for the next generation of investors--individuals, institutions and foreign nationals.
We’re based in New York City, and we’ve built a team that does great work and has a great time doing it.
At Compound, diversity is not an "initiative." It is fundamentally who we are. Achieving meaningful diversity means more than just finessing outward appearances or gaming measurable statistics; it's about bringing together people with a mix of unique experiences and opinions who might never otherwise meet--and encouraging the special alchemy that happens when they do.
When we add to our team, we look for talent in unconventional places and revisit exclusionary norms. We also make an extra effort to seek out and work with other companies who do more than pay lip service to diversity. We know that better results come from thinking differently and being thoughtfully inclusive even if that means going against the grain.